Job losses are scarier now

February 25, 2009

—Floyd Norris, Chief Financial Correspondent, NY Times


©The Towerlight (Photo by Jennifer Szymaszek/Associated Press)

February 9, 2009

I’ve been looking at the unemployment numbers that came out Friday [2/6/09], and a couple of things stand out.

Even though unemployment is rising rapidly—meaning there are a lot of people losing their jobs—long-term unemployment is also up a lot. Here are a couple of comparisons to illustrate that.

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